New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-24
COHNFELD'S CARES THICKEN.
HIS VAIN PROPOSALS FOR SETTLEMENT.

@. II. LCHTENHEIM BRINGS SUIT AGAINST THE
FEATHER MERCHANT AND OTHERS.
inc latest phase In the Isldor Cohrfeld case ls a
Dill Of complaint. In aid OF execution OF George II.
Lchtcnhclm's Judgment. which was filed at D. m.
yesterday, by Blumcnstic Hlrsch attorneys for the
piaintif. and which is rcturnable on January g. On
IN latter date. thereafter as counsel can be
heard motion Will be made In the Supreme Court
that an Injunction be issued restraining defendants
or either OF them. from isposlng interfering with
tho property OF Cohnfcld It's proceeds and that
recover be appointed to take charge OF the property
pending this action Tho defendants In the
lsdor Cohnfeld the Park National Bank tho Central
National Bank the National Shoe aud Leather Bank.
kesslcr Il Co l. b. ROsenhal Co.. OF st. Louis John
Mnnroe & Co.. S. Zcmcr & FeldstcIn Alderman
Brothers. San Francisco: II Ackcrman & Co.. OF LIN
coin Ncb.. and II. Sonnenfcld & co. Of Louis.
These defer Gonts. It will be observed. include only
the money creditors Of Cohnfcd. who secured by
the trust deed conveying the feathcrmcrchant's
al property, and do not include James J. Frank and
CChrfcds father to whom The debtors real estate
transferred Tho object OF the complaint is therefore
practically to have set aside the much discussed trust
deed, which Lichtenhcim originally tried to vanquish
by lcvyng an attachment the store at Greene and
Spring SIS. This attachment 1t Will be remembered
was subsequently, dissolved by a Sherhs Jury. Tho
amount OF Llchtenhcim's claim. including loan Of
10000 with interest. is nearly S5O.OOO.
The present bill repeats in It's points he entire sub
stance Of LichcnhcIm's complaint. which has been
fully published in THE TRIBUNE. In OF the
points It Is alleged that there has been actual
continued change of possession Of Of the chattes
pretended to be transferred but ths' the agents ami
employees OF Cohnfcd have ever sIrcc November 4.
when the trdst deed filed. been In tho actual pos
session OF the business. and this with the consent and
authority ot tie defendants Tho plaintiff also alleges
that hs execution and attachment constituted the
first levy on the propcry, and that the only obstruction
to ms enforcement is the said pretend d' ransfcr
DEMANDS OF THE PLAINTIFF.
Tho plaintiff demands. In detail first that The trust
decd afiudgcd fraudulent and void secondly. that
all claims Of prior right Of possession on the part OF the
dcfcndlnts under the ru>tdced be set a de II rdy
that the levy under the attachment and execution OF
Lichtcuhcm lie adudgcd to bc first lien on the pop
cry; ourthly, that the plaintiff be DeT tcd to have
the property applied to the payment Of his Judgment
filthy, that the defendants be criOncd from dl>poainS
of the property sAthly. that receiver be appointed
Cohniclds proposition Of settlement. which was
accepted by all creditors but one and failed en- acc dht
Of that ones objections. has hitherto not been pub
lishcd 4 TRIBUNE reporter Nc,tcida, succeeded ia
obtaining a clear statement Of tho proposed arrange
ucn from one OF the interested IN he case
II took long time to perfect the plan a. It Is ana mo
various creditors 10 not feel grated thai Inc icsuit
Of their work should count for ndught on account 'i
what they call the ol,inaey of thc one lhc arr ah~c
meat NdS lOloNS
Cohnfclds personal property was conveyed 10 the
money creditors. while his real estate was Transferred
10 Julius j. Frank attorney. TO secure all unsecured
creditors Cohnfcld vas to resume business "th what
Is now held hS the moTry-cirdltulS' ne "iS ~ 10. ~
ccvc A commission lor manufacturing ana Icd1Ih- OH
the personal ate held by the banks lie ~ 10 l"rh
uX rr tho net proceeds uf he ,Och A. he C'r c thc
TO the money creditors and va, 10 Da' Oh ls eIi'Hc
class Of Indebtedness within four wears.
TO tlt II crcl ahdiso editors. ohnflb was 10 paw
thrtn Al once cas-, div id-nd of twenty hNr ler cent
and thcN were 10 extend the rest Of the lhGcDtcuc'S
ono and one half Without security.
4, TO IIrhienlrul. .hrtc were p9ci'u arrah-cHch''
10 .ut his caso much as lie appears both a. c-
ltor of ohnfcld and debtor as inlJIser On COhh'
eIds n,ts,r Ilrhtcnneim 10 receive cash dlNi-
dcnd of twenty live Der and extend no balance
~ Is aim four wears. In tho muiniimc + n'icc j.
Frank wa m I'll c-tatc and divide the pi"cccus
pfu among all creditors.
rrCnTENHEIM ASD THr BANKS
As IS nCcbicd to the banks u the eNent
~ s-OoOO IL was to be agreed that the bulk of his
dividend be held by the banks a. security ior the
payment Of hi, indebtedness by Cohnfeid when thh
ludclcdnrs, WAS wiped out. LctchhcIm was to get all
his dividends
To this arrangement all ccchors agech win INC
e,ccptlon Of Llchtcnhclm. Ultimately rohnicld pro-
po,cd paying Lchicnhrlm S.O.OOO cash. beside tho
d., :dcrd # twenty tNo per cent. To this CONCESSION
tho bank. obi -ccd. uc 'Lu,o II Woud tahc 100 mum
Nancy out of the working capital They We're WILING,
however. 20 giVo Ilchtcnhclm SlO.OOp. Whrh lha'
creditor TuUlf not consider The merchahd,e Stcu-
ft.,l Vf h trlk